Word: guernsey
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Dates: during 2010-2019
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Hands, now living as a tax exile on the island of Guernsey in the English Channel, needs to inject about $200 million into the business by the summer; otherwise, Citigroup gets the keys. His allies say he can raise the money from third-party investors, but that is only enough to keep EMI out of the bank's hands for 12 more months. What Hands really needs is a deal with Citigroup to slash EMI's debts. But like any good band in crisis, Hands and his onetime partners at Citigroup have fallen out. (See the top 10 albums...